Tractor Loan Online | Tractor Finance @ Low Interest Rate

Tractor Loan - Apply Now!

A substantial part of India lives in its villages and a major portion of our population is engaged in agriculture related activities. Therefore, the rural and semi urban regions witness huge demand for finance from buyers of tractors, harvesters and other farm equipment. The tractor is the most important part of farm equipment portfolio with transplanters, rotovators, micro-irrigation systems, etc being the others. In spite of an increasing number of farmers adopting mechanized farming methods, the level of farm mechanization remains lower than 40 percent thereby offering huge scope for offering accessible finance.

Features

Customer Segment : Tractor Loan

Farmer: An Individual owning the agriculture land and whose work involves livestock and/or agriculture activities.
Commercial Hiring: An individual may not own the agriculture land and use the tractor only for hiring purpose.

Funding

Upto 90% funding

Repayment Tenure

Upto: Farm Equipment - Max Tenure - New Tractor - 6 Years

Upto: Farm Equipment - Max Tenure - Used Tractor - 4 Years

Monthly/Quarterly/Half yearly/structured based on cropping pattern and another additional income source.

Eligibility Criteria & Income Proof

Income proof to support repayment of loan Minimum Land holding of 2 acres based on the crops cultivated (excluding our "Fastrac” and “Commercial” program)
Min age at the entry 18 and Max at end of tenure is 60 years.

Documents Required

Proof of agri land 7/12 or utara
KYC: Aadhar Card/PAN Card/Passport/Voters Id/Driving License/Ration Card/Utility bill
Latest 1 year IT return and 3 months bank statement/Any tractor, CV 12 months track record/3 years valid relevant Driving License

Interested to know more?
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Customer Stories

Adani, one of the best financiers we came across. Unmatched and very quick process, very supportive staff. Strongly recommended for companies who zest to grow.

Adeel Jamali

Dealer

ACPL is a truly valuable, admirable & an employee centric organization. It is an organization which ensures that the Customer imbibe the Values of Courage.